At a meeting of Main TALC last month, Revenue noted that the Tax Debt Warehousing Scheme is available to support businesses closed due to Level 5 public health restrictions. Businesses in the scheme will receive a Revenue letter regarding their revised warehouse periods. Revenue also noted compliance slippage by some taxpayers availing of the debt warehousing scheme. Revenue emphasised that filing returns, even where the tax due is nil, is a condition of the debt warehousing scheme, and compliance is also necessary for tax clearance status.

General compliance slippage was noted in businesses in sectors not impacted by the pandemic, both from a payment and return filings perspective. Revenue will be contacting taxpayers where there is evidence of compliance slippage.